Comparing Prices of Loose Diamonds Online
By Tanya Blok
If you have started the daunting task of shopping for diamonds online, you have probably discovered how difficult it is to figure out who has the best price for similar stones. Going from site to site, running individual searches on each one, then trying to compare results in several different browser windows - sound familiar? Sounds like a pain!
There are consolidated shopping search engines out there and you may have used those when looking for the best price on some other products, but those search engines have a major weakness when it comes to diamonds. Shopping for a diamond requires additional details that generic shopping search engines are not able to display. If you can't at least see the cut, color and clarity of diamonds side by side, then the search results are useless. You can't compare apples to oranges and expect to figure out which is the better deal.
Wouldn't it be convenient if there were a comparison search engine designed specifically for loose diamonds where you could search by shape, weight, cut, color, clarity and price? Then you would see a list of matching diamonds from several online vendors and you could quickly see who has the best price for a 1.50 carat, H-VS2 round diamond with Ideal proportions. That's not too much to ask, is it?
Well, now there is such a search engine - and you may be shocked by the results. But first, I would like to share a dirty little secret of the online diamond world with you. Did you know that the diamond inventory you see at one online diamond vendor is the same as many other online vendors? How is this possible - these are competing companies, so how can they be selling the same exact diamonds? Simple - they don't have any inventory!!!
This is how the online diamond world works - Retailers get lists of available diamonds from wholesalers around the country. Those wholesalers give the retailers a cost price and the retailers decide how high to mark up each diamond. The difference in price between retailers can be as much as $10,000 for a large diamond!
The retailers will then post that diamond to their online inventory - the exact same diamond, same shape, weight, cut, color, clarity, table width, total depth and measurements - but the price you pay will be different at each site! When you decide to purchase that diamond, the retailer notifies the wholesaler and that diamond is removed from inventory and is no longer available to any other online retailer.
So how do you find the best price for the same exact diamond without spending hours searching through results from dozens of web sites? Simple. We have developed a loose diamonds price comparison search engine that shows you available diamonds that match your criteria from multiple online vendors. One search will yield results from around the web and you can sort the results any way you like. Give it a try and you will be amazed at the differences in price for the same exact diamond!
Good luck in your search.
About the Author
Tanya Blok is the staff writer for the leading diamond prices comparison search engine on the internet. You can compare loose diamonds pricing from multiple online vendors in one easy search.
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What Everyone Should Know About How To Buy Wholesale
By: Melanie Burns
Finding a supplier for the product you want to sell, at a price that you can profit from, can be a big task. The best suppliers for your online sales or auctions do not advertise their services and often cannot be found online.
Those that you can find online tend to be middle-men. It is often difficult to get a good enough price to make any real profit online.
Let me tell you about my simple 2 step system to find an untapped source for wholesale suppliers. This is so simple that it's often overlooked as a source for product. This system involves thinking outside the box and not letting policy stop you. (continued below)
The First Step to find a supplier is to find someone that already sells or has access to what you want to sell. This could be a website, an eBay seller, a manufacturer, a wholesale outlet, or a regular store in your city. This is the easy step. You know what you are looking for and you can search on the internet, not for a wholesale source, but for anyone already selling what you want to sell.
Another valuable source for a local supplier is your local phone book. The yellow pages are the best way to find local sources. This should be the first place you look. Doing business locally with someone that you can meet face to face is a big plus for your business.
Another potential source for your product is to find a distributor who would be willing to private label a product for you. You could get a very high quality product for a much lower price than if it had the name brand label.
The Second and Key Step is to convince the source you found to become your supplier.
Manufacturers and wholesale sources often have minimum orders that might be beyond your reach if you are just starting out. Online retailers, eBay merchants, and retail stores may be your best bet. Try to find a small store who is looking to expand.
But remember, you are dealing with a human being and they can be convinced to do business with you. Just be sure to sweeten the deal for them. One way is to offer the person you are dealing with at your new found source, a percentage of your profits from the products he supplies you.
Be sure to project it out for him. If he can see the benefit of working with you even though it causes extra work for him, you can be successful in making a deal.
You could offer him 20% of the profit from sales of his products. For example you could show him that you project to make at least $100 profit from each product, and you expect to sell 40 of them per month. The $4000 a month means an extra $800 per month in his pocket. You still make a nice $3200 profit for the month in this example.
On top of that, he will be ordering more products from his supplier and may be eligible for a higher price break from them. This way, his reward for the effort to work with you, is making money on both sides.
There are many benefits you can offer your potential supplier, but no matter how you look at it, the main thing it comes down to is MONEY. What's in it for your potential supplier to do business with you? If can you show him that, you have a better chance of making a deal with him and starting your online sales.
NOTE: When looking for suppliers around your city, don't go trying to impress the big stores with your $800 or even $3,000 extra income per month proposal. Try going to the little stores that are looking to expand their business, they are the ones that are usually more open to new opportunities.
The big stores are making hundreds of thousands of dollars per month in profits, so an extra couple of thousand would probably not impress them the least bit.
So now you see that by thinking outside the box, you open the door to many possibilities and increase your ability to make money online with your products.
About the Author:
Copyright © Melanie Burns
This article is free for reproduction but must be reproducted in its entirety including live links and this copyright statement. Subscribe to the iBusiness How2 Newsletter to receive hot tips, how to's, internet business tools, and relevant product reviews by sending an email to: newsletter@internet-business-how-to.com
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